Toronto-Dominion Bank (TSE:TD) Upgraded at Natl Bk Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

TD has been the subject of several other reports. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Friday, December 5th. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday. CIBC increased their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. UBS Group boosted their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Finally, Desjardins upped their price target on shares of Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$128.17.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$127.49 on Wednesday. Toronto-Dominion Bank has a 1 year low of C$73.73 and a 1 year high of C$128.24. The company’s 50 day simple moving average is C$116.59 and its 200 day simple moving average is C$107.48. The company has a market capitalization of C$223.34 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The company had revenue of C$16.03 billion during the quarter. Equities analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average price of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the acquisition, the director owned 3,292 shares of the company’s stock, valued at approximately C$370,810.88. This represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 7,328 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider directly owned 800 shares in the company, valued at approximately C$89,656. This trade represents a 90.16% decrease in their ownership of the stock. In the last three months, insiders have sold 84,384 shares of company stock valued at $9,456,915. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.